HL Deb 07 November 1989 vol 512 cc645-6

110 Clause 60, page 58, line 19, at end insert — '(1A) Omit subsection (1) (bodies in relation to which powers exercisable), and—

  1. (a) in subsections (2) and (3) for "any such body" substitute "a company",
  2. (b) in subsections (4) and (5) for "any body" and "a body" substitute "a company", and
    3. 646
  3. (c) in subsections (5) and (6) for "the body" substitute "the company".'.

111 Clause 62, page 60, line 44, at end insert— '(aa) in the opening words for "body" (twice) substitute "company"'

Lord Trefgarne

My Lords, I beg to move that the House do agree with the Commons in their Amendments Nos. 110 and 111. I wish also to speak to Amendments Nos. 114 and 115. As a consequence of certain repeals of provisions in the Companies Act 1985 by the Financial Services Act 1986, unregistered companies, which at present fall within the scope of Section 447 of the 1985 Act, would no longer be covered. Section 447 gives the Secretary of State power to require documents for inspection. These amendments will ensure that Section 447 powers continue to apply to unregistered companies. The purpose of this amendment is therefore to preserve the status quo: there will be no widening or narrowing of the powers.

Moved, That the House do agree with the Commons in the said amendments.—(Lord Trefgarne.)

On Question, Motion agreed to.